THE SWOON

Another lousy day for the longs as the DJIA is -108, NAZ 26 and the SPX 11.5.

Strongest areas include junk, banks, metals, drugs and biotech while energy, homies, real estate, internets and trannies.

NYSE- 1400 net losers;

NAZ- 700 net losers;

NDX- 8 GREEN;

SPX- 75 GREEN;

VIX- higher by 4% at 30.13 and about 9% over the SMA 10;

Volume light as usual but overwhelmingly to the down side.

Looking for the SMA 200 on the SPX too hold- so if we get lower looking to buy that dip.